Bajaj Housing Finance IPO vs Tolins Tyres IPO

Comparison between Bajaj Housing Finance IPO and Tolins Tyres IPO.

IPO Details

Bajaj Housing Finance IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Tolins Tyres IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Bajaj Housing Finance IPO is up to ₹6,560.00 Cr whereas the issue size of the Tolins Tyres IPO is up to ₹230.00 Cr. The final issue price of Bajaj Housing Finance IPO is ₹70.00 per share and of Tolins Tyres IPO is ₹226.00 per share.

 Bajaj Housing Finance IPOTolins Tyres IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹66.00 per share₹215.00 per share
Issue Price (Upper)₹70.00 per share₹226.00 per share
Issue Price (Final)₹70.00 per share₹226.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size214 shares66 shares
Fresh Issue Size50,85,71,428 shares88,49,559 shares
Fresh Issue Size (Amount)up to ₹3,560.00 Crup to ₹200.00 Cr
OFS Issue Size42,85,71,428 shares13,27,432 shares
OFS Issue Size (Amount)up to ₹3,000.00 Crup to ₹30.00 Cr
Issue Size Total93,71,42,856 shares1,01,76,991 shares
Issue Size Total (Amount)up to ₹6,560.00 Crup to ₹230.00 Cr

IPO Timetable

Bajaj Housing Finance IPO opens on Sep 09, 2024, while Tolins Tyres IPO opens on Sep 09, 2024. The closing date of Bajaj Housing Finance IPO and Tolins Tyres IPO is Sep 11, 2024, and Sep 11, 2024, respectively.

 Bajaj Housing Finance IPOTolins Tyres IPO
Anchor Bid DateSep 06, 2024Sep 06, 2024
Issue OpenSep 09, 2024Sep 09, 2024
Issue CloseSep 11, 2024Sep 11, 2024
Basis Of Allotment (Tentative)Sep 12, 2024Sep 12, 2024
Initiation of Refunds (Tentative)Sep 13, 2024Sep 13, 2024
Credit of Share (Tentative)Sep 13, 2024Sep 13, 2024
Listing date (Tentative)Sep 16, 2024Sep 16, 2024
Anchor Lockin End date 1Oct 12, 2024Oct 12, 2024
Anchor Lockin End date 2Dec 11, 2024Dec 12, 2024

Financials & KPIs

Bajaj Housing Finance IPO P/E ratio is 31.62, as compared to Tolins Tyres IPO P/E ratio of 26.64.

 Bajaj Housing Finance IPOTolins Tyres IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets88,538.8381,827.0964,654.1448,527.08
Total Income2,208.737,617.715,665.443,767.13
Profit After Tax482.611,731.221,257.80709.62
NET Worth14,719.9112,233.5010,503.196,741.36
Reserves and Surplus4,252.835,520.813,791.031,858.03
Total Borrowing73,347.0669,129.3253,745.3941,492.32
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 2024
Assets221.60
Total Income228.69
Profit After Tax26.01
NET Worth100.53
Reserves and Surplus85.07
Total Borrowing78.77
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10092.64
Promoter Shareholding (Post-Issue)88.7568.53
P/E Ratio31.6226.64
Market Cap₹58297.03 Cr.₹892.90 Cr.
ROE25.87%
ROCE36.08%
Debt/Equity5.700.78
EPS₹2.21₹8.48
RoNW3.6%25.87%

Shares Offered

In the Bajaj Housing Finance IPO Retail Individual Investors (RII) are offered 29,30,00,000 shares while in Tolins Tyres IPO retail investors are offered 29,30,00,000 shares. Qualified Institutional Buyers (QIB) are offered 16,74,28,572 shares in Bajaj Housing Finance IPO and 20,35,398 shares in Tolins Tyres IPO.

 Bajaj Housing Finance IPOTolins Tyres IPO
Anchor Investor Reservation25,11,42,856 shares30,53,097 shares
Market Maker Reservation0 shares
QIB16,74,28,572 shares20,35,398 shares
NII12,55,71,429 shares15,26,549 shares
RII29,30,00,000 shares35,61,947 shares
Employee2,85,71,428 shares
Others
Total93,71,42,856 shares1,01,76,991 shares

Bids Received (Subscription)

Bajaj Housing Finance IPO subscribed 67.43x in total, whereas Tolins Tyres IPO subscribed 25.03x.

 Bajaj Housing Finance IPOTolins Tyres IPO
QIB (times)222.05x26.72x
NII (times)43.98x28.80x
Big NII (times)50.53x26.39x
Small NII (times)30.88x33.63x
RII (times)7.41x22.45x
Employee (times)2.13x
Other (times)18.54x
Total (times)67.43x25.03x

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Bajaj Housing Finance IPO Vs Tolins Tyres IPO